Thursday, October 12, 2017

Qualcomm Fined $774M By Taiwan

San Diego-based Qualcomm is facing more overseas antitrust woes, and has just been fined $773.9M by Taiwan's Fair Trade Commission. According to the Fair Trade Commission, Qualcomm unfairly exercised a "monopoly position" for its chips used in mobile communications for seven years, and ordered Qualcomm to pay 23.4 billion Taiwan dollars in penalties. In the order the Taiwan Fair Trade Commission cited information received from more than 20 domestic and foreign mobile phone manufacturers, saying Qualcomm used its dominant market position and ownership of patents involved in standards unfairly.